Freeport Lending Institutions
Atlantic Regional Federal Credit Union
Scott Bursey 207-725-8728 x196
41 Mallett Drive-Freeport, ME
207-865-2830 - 207-865-2841
Mon: 8:00-5:00, Tue: 8:00-5:00, Wed: 8:00-5:00, Thu: 8:00-5:00, Fri: 8:00-6:00
Bath Savings Institution
Candace Rinaldi 207-865-6998
189 Lower Main St-Freeport, ME
865-6998 - 1-800-447-4559
7:30am - 5:00pm
Key Bank
Lynn Mitchell 207-865-4472
135 Main Street-Freeport Maine
207-865-4472
9:00am - 4:00pm Mon-Fri
Norway Savings Bank
Kim Graybarz, Branch Manager 207-865-6141
Pam Bowerman, Commercial Lending Officer 207-725-5591
8 Mallett Drive-Freeport, ME
207-865-6141 - 1-800-551-3360
Monday through Thursday 8:30 am to 4:00 pm
Friday 8:30 am to 6:00 pm
Saturday 8:30 am to 12:00 pm
Loan Programs
Regional Economic Development Loan Program (REDLP):
This program, established in 1996 as a result of a Finance Authority of Maine (FAME) grant that GPCOG received, provides financing to small businesses with fifty or fewer employees or annual sales of less than $5,000,000 with an emphasis on technology-based enterprises. To be eligible for financing through this program, businesses need to be located in either York or Cumberland County and must obtain at least two-thirds of their financing needs through sources other than GPCOG.
Click Here to download Gap financing for small businesses in Southern Maine.
SMEDD Revolving Loan Fund Program:
This program was initially designed to make loans to businesses that had been negatively impacted by defense downsizing and defense industry realignment in York and Cumberland Counties. As the administrative agent for SMEDD, GPCOG developed the Revolving Loan Fund Program, which it has administered since its inception. One major change that has recently occurred with this program is the granting of a waiver to SMEDD so that a much wider range of businesses can qualify for loan funds. This new flexibility allows SMEDD to fund any commercial or industrial project that will create jobs in the two-county area.
Click Here to download a SMEDD Revolving Loan brochure.
Click Here to download a SMEDD Revolving Loan application.
For more information on these loan programs, contact Vin DiCara, Loan Officer, at 774-9891 or e-mail vdicara@gpcog.org
Coastal Enterprises Incorporated (CEI)
A non-profit community development corporation providing financial and technical assistance for development and expansion of industries, small businesses, housing and social services.
2 Portland Fish Pier, Suite. 302
Portland ME 04101
Finance Authority of Maine (FAME)
Provides guarantee programs in order to reduce risks to both provide access to capital for business and assist businesses to grow.
83 Western Ave, PO BOX 949
Augusta ME 04332-0949
Tax Increment Financing (“TIF”)
TIF districts are used to encourage major new construction, renovation, and rehabilitation projects. TIF's are recommended by the Freeport Economic Development Corporation and approved by the Freeport Town City Council on a case-by-case basis.
For the complete text, please download Freeport's Tax Increment Financing Guidelines. Click Here
For further information, contact the FEDC’s Executive Director at fedc@freeportmaine.com or call 1-207-865-4743 X117
